Valued at a market cap of $16.1 billion, Essex Property Trust, Inc. (ESS) is a leading residential real estate investment trust (REIT) that owns, develops, redevelops, and manages apartment communities across high-demand West Coast markets in the United States. The California-based company generates revenue primarily through rental income from apartment properties and also benefits from property development and redevelopment projects.
Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks,” and ESS fits right into that category.
